| $66.33 | 4/23/2019 | 04/23/2018 | 04/23/2017 | 04/23/2016 | 04/23/2015 |
|---|---|---|---|---|---|
| Active Rigs | 61 | 60 | 49 | 29 | 86 |
Apache Corporation said on Tuesday that it had temporarily started to delay natural gas production at its Alpine High play in the Permian in late March to mitigate the impact of the extremely low prices at the Waha hub in West Texas.On a huge day for the market, Apache closed down almost 2%.
Currently, the company is deferring around 250 million cubic feet (MMcf) per day of gross gas production.
Natural gas prices at the Waha hub plummeted to record low negative levels in early April, as pipeline constraints and problems at compressor stations at one pipeline stranded gas produced in the Permian.
Spot prices at the Waha hub plunged to a record low of minus $4.28 per million British thermal units (MMBtu) in the first week of April.
Gas production in the Permian has been rising in lockstep with crude oil production, and even though gas takeaway capacity has attracted less media attention, pipeline constraints for natural gas are similar to those of crude oil pipeline capacity.
CBS "This Morning" played the vintage video of Walter Cronkite in 1970 endorsing the Earth Day as “a day set aside for a nationwide outpouring of mankind seeking its own survival.” In another clip, Cronkite says: “The gravity of the message of Earth Day still came through. Act or die.”
In the spirit of the doomsday warnings in 1970, which have since been ridiculed for over-the-top predictions, the show aired a segment praising London’s ultra-low emission zone that forces motorists to pay high fees just to drive through the center of London.Occasional-Cortex was born in 1989.
1970.
The article: from The San Luis Obispo Tribune --Each progressive politician has to do "one better" than his/her predecessor.Jerry Brown banned off-shore and anything related to off-shore.His predecessor can do only one thing to do "one better": ban on-shore.
Will Newsom end oil drilling in California?
Many environmentalists are betting yes.
California’s legacy of oil drilling should be just that, many environmentalists argue – relegated to the history books.
They are urging Gov. Gavin Newsom to ban new oil and gas drilling in California and completely phase out fossil fuel extraction in one of the nation’s top petroleum-producing – and gasoline-consuming – states.
At the least, they want the state to impose buffer zones prohibiting new oil and gas wells near schools, hospitals and residential neighborhoods and also require monitoring for potentially hazardous emissions from abandoned or plugged wells, proposals already being considered by state lawmakers.This is so interesting to follow. This speaks volumes. This tells me the "elites" still feel that the price of gasoline is still not "high enough" in California.
December 2, 2023: the wells have just been fracked; initial production data.
June 18, 2020: many of these wells were re-surveyed; see daily activity report this date.
| $66.00 | 4/23/2019 | 04/23/2018 | 04/23/2017 | 04/23/2016 | 04/23/2015 |
|---|---|---|---|---|---|
| Active Rigs | 62 | 60 | 49 | 29 | 86 |
U.S. propane is fanning out across the planet, with export volumes now triple those of any other country. The global LPG market today is dominated by cargoes shipped from U.S. ports. Buyers from Mexico to South Korea can’t make a move without considering conditions on the Houston Ship Channel or pipeline constraints in Pennsylvania. But an interconnected market is a two-way street. U.S. propane prices are now influenced more by the weather in Europe and Asia than by the weather in Wisconsin or New Hampshire. And it’s not only propane. All NGLs are experiencing growth in U.S. export volumes, with huge implications for infrastructure, capacity constraints and, of course, prices.
